SUI's breakout this time is quite interesting.
It pulled up 1.84% in just 15 minutes, with volume expanding to 2.2 times the usual level, and price also broke above the upper bound of the recent 20 five-minute candles' range. Don't just look at price—OI is rising at the same time, with 15-minute contract positions increasing by 0.57%, and notional change reaching nearly 2.77 million U. This kind of move is not the kind of fake pump caused by short covering; it looks more like new leveraged money is really coming in on the long side.
The share of active buys in the market is 28%, and the buy-sell ratio reached 1.78, so the direction is very clear. What's more, this abnormal level has already reached the 99th percentile across the entire pool, and the notional change ranks in the top 3 of the whole pool, so the heat is definitely not ordinary.
Objectively speaking, when it pushes into the vicinity of historical extreme ranges, a position like this is either the starting point of acceleration or the end of a wave of sentiment release. Manage your position carefully, and don't be thinking only about maxing out at this kind of level.
It pulled up 1.84% in just 15 minutes, with volume expanding to 2.2 times the usual level, and price also broke above the upper bound of the recent 20 five-minute candles' range. Don't just look at price—OI is rising at the same time, with 15-minute contract positions increasing by 0.57%, and notional change reaching nearly 2.77 million U. This kind of move is not the kind of fake pump caused by short covering; it looks more like new leveraged money is really coming in on the long side.
The share of active buys in the market is 28%, and the buy-sell ratio reached 1.78, so the direction is very clear. What's more, this abnormal level has already reached the 99th percentile across the entire pool, and the notional change ranks in the top 3 of the whole pool, so the heat is definitely not ordinary.
Objectively speaking, when it pushes into the vicinity of historical extreme ranges, a position like this is either the starting point of acceleration or the end of a wave of sentiment release. Manage your position carefully, and don't be thinking only about maxing out at this kind of level.